Pier 1 Imports, Inc. (NYSE:PIR) saw some unusual options trading on Tuesday. Traders acquired 13,696 put options on the stock. This is an increase of 3,063% compared to the typical volume of 433 put options.

Pier 1 Imports (NYSE PIR) opened at $5.20 on Friday. The company has a market capitalization of $429.84, a price-to-earnings ratio of 10.91, a P/E/G ratio of -12.07 and a beta of 1.85. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43.

Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. Pier 1 Imports’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. analysts predict that Pier 1 Imports will post 0.43 EPS for the current year.

Several equities research analysts have recently weighed in on PIR shares. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Loop Capital cut Pier 1 Imports from a “buy” rating to a “hold” rating and reduced their price objective for the company from $8.00 to $4.00 in a research report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of Pier 1 Imports in a research report on Friday, September 8th. Jefferies Group reissued a “hold” rating and issued a $5.90 price objective on shares of Pier 1 Imports in a research report on Sunday, September 3rd. Finally, Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.01.

Institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in Pier 1 Imports during the second quarter worth $103,000. Oppenheimer & Co. Inc. raised its stake in Pier 1 Imports by 149.2% during the third quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 18,800 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Pier 1 Imports during the third quarter worth $172,000. Eagle Global Advisors LLC acquired a new position in Pier 1 Imports during the second quarter worth $175,000. Finally, SG Americas Securities LLC acquired a new position in Pier 1 Imports during the second quarter worth $178,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

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Pier 1 Imports Company Profile

Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.

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